Why DEX (Decentralized Exchange) still unpopular? - page 4.

andika2018

member

Activity: 700

Merit: 10

Quote from: CryptoTech_ on June 16, 2019, 10:48:54 PM

DEX will be popular if he can present a BTC pair
Now DEX only has one pair, it can't deliver multi pairs like those in centralized exchanges, that's what traders want and that's why DEX isn't popular yet

Most exchanger, centralized or decentralized using bitcoin as main pairs in their platform because bitcoin is main cryptocurrency. I think DEX still not popular yet because transction volume still low, but i think DEX will be popular in near future because centralized exchangers always have issue with regulation

setialovers

member

Activity: 812

Merit: 11

Quote from: ikicha on June 10, 2019, 03:20:52 AM

Hi all traders!
Why you always using Centralized Exchange to trade Decentralized Asset?
Too many 'hacked' news or maybe "hacked by internal" at 2019, Cryptopia, Binance, Huobi, Etc.

Why traders still using Centralized Exchange?

Centralized Exchange

+ Huge Volume
+ Fast CS Response

- Less security
- Not your keys, not your coins
- Paid to list

Binance has launch Binance DEX but still have low volume and pair only for BNB (not BTC)

I am still using centralized exchangers because when make transaction, its very fast execution and more liquidity. Big exchangers like binance give assurance to their members that their funds are safe and i think exchangers will always improve their security

JasmineRose

full member

Activity: 630

Merit: 118

But i like Dex. It can be manage wd well than centralized exchange. But i like cex also. For example binance, indodax from my country😁. I like all exchange. Except small or new exchange

bayu7adi

hero member

Activity: 1358

Merit: 538

paper money is going away

people trust the centralized exchange more than the decentralized exchange is because of its better features. Just imagine with Bittrex or Binance (which is a giant two centralized exchange) can allow users to make transactions anonymously and also can buy coins easily because of the help of developers ...
different from EtherDelta, which is one of the decentralized exchanges which in my opinion is not enough to be used as a medium of trading by professional traders because the transaction speed of EtherDelta is not satisfactory

CryptoTech_

full member

Activity: 994

Merit: 106

Official Street Team member

DEX will be popular if he can present a BTC pair
Now DEX only has one pair, it can't deliver multi pairs like those in centralized exchanges, that's what traders want and that's why DEX isn't popular yet

fosco333

full member

Activity: 1260

Merit: 100

Maybe because the centralized exchange is faster than decentralized one.
I am using forkdelta as my decentralized exchange, and sometimes the order book can freezing.
For traders, it is good to using centralized exchange to trading quickly. But for the holders who want to sell or buy coin only and not trading, using DEX is good.

PuertoLibre

legendary

Activity: 1876

Merit: 1003

Waves DEX started new demo trading competition for increasing the popularity and the Waves developers fixed reported issues on the Waves DEX. It will be a big competition and decentralised platforms will be a future. Binance dex is also a nice alternative for using it for the traidng limited altcoins.

herfianto

member

Activity: 672

Merit: 10

send and receive money instantly, with no hidden c

I use DEX several times, in my opinion the cause is low trade volume and some of DEX exchange has a very slow performance in trade.

Inu.Guren

full member

Activity: 379

Merit: 100

homt.net

Quote from: graffix on June 14, 2019, 02:12:20 PM

Centralized Exchanges have liquidity than dexes. and many people prefer Centralized exchanges over decentralized ones. But there are good Decentralized exchanges also there like IDEX. People still use it the same as the centralized exchanges.

th problem in liquidity form DEX is serious that's why people are not interest trying to trading in Decentralized exchange than Central Exchange.
low volume maybe and most sites are slow when accessed

Jatawneh

member

Activity: 281

Merit: 18

Arabs Bitcoin CEO

DEXs are still make up a small portion of the total volume of digital currency trading; however, they are gaining in popularity. If you are with centralized exchange, a higher level of responsibility is always needed to safeguard your own assets.

Menawi12

member

Activity: 700

Merit: 10

Quote from: mahibul49 on June 14, 2019, 06:42:42 PM

dex volume is low and using dex is someimes very risky and also you cant use bot in dex trading so you cant generate huge volume or liquid for a token.thats why dex user is low but dex exchange is future

Most reason why DEX unpopular because the volume not big compare centralized exchangers. With big volume, the price could rising and more liquidity. Investor must be looking for liquidity and most centralized exchangers provide it, perhaps that why people prefer choosing centralized exchangers

pedpedped101

jr. member

Activity: 552

Merit: 1

It will definitely take some time more before we can begin to see so much volume one decentralized exchanges. One of the reason i have always preferred DEXes, is because of the real volume on them. Centralized exchanges most times use bot, which might make trading a little difficult for newbies. Also, most DEXes are to work on their interface and make it more advanced.

Febo

legendary

Activity: 2730

Merit: 1288

Quote from: ikicha on June 10, 2019, 03:20:52 AM

Hi all traders!

Why traders still using Centralized Exchange?

Bisq have $1.4m volume. Someone seems to use it

mahibul49

full member

Activity: 826

Merit: 104

dex volume is low and using dex is someimes very risky and also you cant use bot in dex trading so you cant generate huge volume or liquid for a token.thats why dex user is low but dex exchange is future

InwardContour

sr. member

Activity: 644

Merit: 260

It's not as though decentralized exchanges are not yet popular, many of us use them but centralized exchanges still have an edge over them. Talking about user interface, swiftness of operation, trading volume and liquidity, decentralized exchanges still have a long way to go. That's the reason why many crypto enthusiasts still prefer to trade on centralized exchanges like Binance, Okex, Kucoin, Bitfinex, Bittrex etc even with the risk of hack involved. I believe very soon things will take proper shape for decentralized exchanges, it's just a matter of time. I'm yet to see a DEX which has comparative features to CEX.

Flezy

jr. member

Activity: 707

Merit: 1

Humans likes things being easy, convenient and fast, and these are some of the features decentralized exchanges lacks; that is, the UI of most decentralized exchanges aren't user friendly and/or attractive when compared with most centralized exchanges.
Also, the volume in centralized exchanges are far greater than that in DEX.
So I think, these are some of the limitations in DEX which keeps users a bay, that is to say should there be any DEX which will offer users ease of use and convinence, they will surely go for it, as there is also high security in DEX.

Ucy

sr. member

Activity: 2576

Merit: 401

Quote

Binance has launch Binance DEX but still have low volume and pair only for BNB (not BTC)

Binance "decentralized exchange" is not really decentralized. I read they restrict countries on the exchange. The "decentralize" tag is very misleading. I'll likely never use the exchange. Who knows what else will be introduced on the exchange under the cover of decentralization? KYC maybe? And then the corruption of the concept of decentralization will spread..
It doesn't even qualify as semi decentralized exchange in my pinion

Akoldi_ibk

jr. member

Activity: 1050

Merit: 1

Decentralized exchanges still have a lot of improvement to implement in order to attract more traders. The few existing ones are doing quite well and people that use them definitely can understand their effectiveness and deficiency. I have not try a DEX, but from the reports of DEX users, developers need to come up with more improved platform, user friendly with fast order completion.

Kriptonian1661

jr. member

Activity: 42

Merit: 2

Look into WAVES DEX !

graffix

member

Activity: 195

Merit: 10

Centralized Exchanges have liquidity than dexes. and many people prefer Centralized exchanges over decentralized ones. But there are good Decentralized exchanges also there like IDEX. People still use it the same as the centralized exchanges.

Topic: Why DEX (Decentralized Exchange) still unpopular? - page 4. (Read 1365 times)